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HAWXvsTIERETF Comparison

ETF 1
HAWX

iShares Currency Hedged MSCI ACWI ex U.S. ETF

This fund is part of
Global Blended Cap
-0.31%
VS
ETF 2
TIER

T. Rowe Price International Equity Research ETF

This fund is part of
Global Blended Cap
-0.31%

iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and T. Rowe Price International Equity Research ETF (TIER) belong to the same industry segment: Global Blended Cap. Both ETFs have the same top 3 sector exposures: Finance, Technology and Industrials. HAWX is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.38% for TIER. HAWX is up 14.87% year-to-date (YTD) with +$5M in YTD flows. TIER performs worse with 11.78% YTD performance, and +$9M in YTD flows. Run a side-by-side ETF comparison of HAWX and TIER below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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HAWX vs TIER performance and flow charts

Performance

-2.0-1.00.01.02.0%Jun 23Jun 30Jul 7Jul 14Jul 21

Cumulative Flows

-2 M0 M2 M4 MJun 23Jun 30Jul 7Jul 14Jul 21

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Historic performance and flows
Data as of 07/24/2026
1M3MYTD1Y3Y5Y
Perf.
HAWX
TIER
-1.32%-0.72%
+4.53%+4.30%
+14.87%+11.78%
+28.53%+21.83%
+72.35%n/a
+82.90%n/a
Flows
HAWX
TIER
+$4M+$5M
+$511K+$6M
+$5M+$9M
+$14M+$19M
+$46M-
+$116M-
Volatility and drawdown
3M1Y3Y5Y
Volatility
HAWX
TIER
+18.55%+19.98%
+14.70%+16.77%
+13.54%n/a
+13.82%n/a
Max drawdown
HAWX
TIER
-4.78%-5.07%
-9.30%-12.14%
-13.76%n/a
-17.33%n/a
Max drawdown duration
HAWX
TIER
32d15d
50d69d
51dn/a
573dn/a
Trading data

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HAWX
TIER
Last sale
7/27/2026 at 1:30 PM
$44.99
$31.60
Previous close
07/24/2026
$44.90
$31.58
Consolidated volume
07/24/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of June 30, 2026
1-year trailing difference

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TIER
is actively managed and doesn’t replicate an index

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HAWX
TIER
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 7/27/2026 at 1:30 PM
Live
Closed
HAWX
TIER
Last price
$44.99
$31.60
1D performance
+0.21%
+0.08%
AuM$342.82 M$34.64 M
E/R0.7%0.38%
Characteristics
HAWX
TIER
Management strategyPassiveActive
ProvideriSharesT. Rowe Price
BenchmarkMSCI ACWI ex USA Index-
N° of holdings1787379
Asset classEquities-
Trailing 12m distribution yield
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Inception dateJune 29, 2015June 25, 2025
ESGNoNo
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Exposure

Countries

HAWX
Japan
13.71%
Taiwan
9.14%
Republic of Korea
7.93%
United Kingdom
7.88%
Canada
7.85%
Other
53.49%
TIER
Japan
15.32%
Taiwan
9.85%
United Kingdom
8.7%
Canada
7.98%
Republic of Korea
7.43%
Other
50.73%

Sectors

HAWX
Finance
26.16%
Technology
24.7%
Industrials
11.9%
Non-Energy Materi.
7.13%
Other
30.1%
TIER
Finance
26.5%
Technology
25.88%
Industrials
11.75%
Non-Energy Materi.
7.16%
Other
28.71%
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Diversification

HAWX

Total weight of top 15 holdings out of 15

20.37%
TIER

Total weight of top 15 holdings out of 15

23.19%

Top 15 holdings

Data as of June 30, 2026
HAWX
Taiwan Semiconductor Manufacturing Co., Ltd.
5.04%
Samsung Electronics Co., Ltd.
2.72%
SK hynix, Inc.
2.55%
ASML Holding NV
2.06%
Tencent Holdings Ltd.
0.91%
HSBC Holdings Plc
0.88%
Royal Bank of Canada
0.78%
Roche Holding AG
0.78%
Novartis AG
0.78%
AstraZeneca PLC
0.77%
Nestlé SA
0.72%
Siemens AG
0.65%
Shell Plc
0.59%
Tokyo Electron Ltd.
0.57%
Mitsubishi UFJ Financial Group, Inc.
0.57%
TIER
Taiwan Semiconductor Manufacturing Co., Ltd.
3.61%
Samsung Electronics Co., Ltd.
3.10%
SK hynix, Inc.
2.60%
Taiwan Semiconductor Manufacturing Co., Ltd.
2.36%
ASML Holding NV
2.08%
Royal Bank of Canada
1.32%
Tencent Holdings Ltd.
1.12%
BHP Group Ltd.
1.00%
HSBC Holdings Plc
0.98%
MediaTek, Inc.
0.89%
AstraZeneca PLC
0.89%
Nestlé SA
0.88%
Siemens AG
0.86%
Roche Holding AG
0.75%
Novartis AG
0.74%
Frequently asked questions about HAWX and TIER

How have the HAWX and TIER ETFs performed in 2026?

As of July 24, 2026, HAWX is up 14.87% year-to-date (YTD), while TIER has returned 11.78%. That puts HAWX better performer ahead so far this year.

Which ETF is attracting more investor money: HAWX or TIER?

Year-to-date, the HAWX ETF saw +$5M in flows, compared to +$9M for TIER.

Which ETF is more volatile: HAWX or TIER?

Over the past year, HAWX had a volatility of 14.7%, while TIER experienced 16.77%.

Which ETF is bigger: HAWX or TIER?

As of July 24, 2026, HAWX holds $342.82 M in assets under management (AUM), while TIER manages $34.64 M.

What sectors do the HAWX and TIER ETFs invest in?

HAWX leans toward sectors like Finance, Technology and Industrials. Meanwhile, TIER focuses on Finance, Technology and Industrials.

What are the top holdings of the HAWX ETF and TIER ETF?

HAWX top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. TIER holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc..

Which ETF is more diversified: HAWX or TIER?

HAWX holds 1856 securities with 20.37% of its assets in the top 15. TIER has 380 securities and a top 15 weight of 23.19%.

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